National Electronic Funds Transfer (NEFT) is an electronic funds transfer system maintained by the Reserve Bank of India (RBI). NEFT enables bank customers in India to transfer funds between any two NEFT-enabled bank accounts on a one-to-one basis. It started in November 2005 and done via electronic messages.
As of November 30, 2019, NEFT facilities were available at 1,48,477 branches/offices of 216 banks across the country and online through the website of NEFT-enabled banks. NEFT has gained popularity due to the ease and efficiency with which the transactions can be concluded.
This data set includes the volume of transactions and the value of the amount from June 2008 to June 2020 ( May, Nov, Dec 2009 Missing).
The debit and the credit amount is in Million Indian Rupees.
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Thanks to RBI for the availability of valuable data.
NEFT FAQ
Data Source